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tv   The Willis Report  FOX Business  October 24, 2012 9:00pm-10:00pm EDT

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anything? our big coverage on election night of fox business. every single one. no matter how long it goes. i predict 5:00 in the morning. pancakesbl.eu >>n and the government back to green companies went bust. as the stopping executives from looking for more green. guess w. they might get them. upton said "the willis report." hi, eveyone. i'm tracy byrnes. thank you for joining us. gerri willis has the night off. concerns over the health of our
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nation's economy and doubling fiscal cliff. the headlineein today' financial times read you as third quarter results raise fresh economic fears. shares of ompaniesarnf a global demand. the dow jones industrial average plummeting 2% over the past week, the worst drop since june. commodities taking a hit. goldalling elow $1,700 an ounce. the price of oil has dropped almost 7 percentsince last week. of course, the fed. today saidit will leave interest ratesnchanged and will continue qe3, pumping money or air, wherever you want to college, into the economy. joining us on what he makes all this harvard economist jeff myers. thank you for beg here they did basically change nothing in the fed report today it except for two things. change in language in the inflation. they said that the inflation has cked up because of energy prices and the one that the global markets pose some downside risk.
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what do you make of all that? >> i think on the ination they also tried to emphasizethat core inflati has no picked up yet. they don't seem be particularly worried about inflation yet. that is one reason why they think that they should be continuing the economy and why there is not much sk to keeping interest rates low. on t global demand, that is clearly an issue. u.s. companies have earnings down, as you just mentioned. europe is clearly in recession. the prospects are is probably going to get worse for three, six months, a year. that affects the demand for u.s. goods and services which will also contribute to a slow-growth. continued slow growth. tracy: does that make a case for the qe basically ivented the? in a statement they said even when the economy turns around they will continue to keep buying ssets. >> you know, in the standard model the keynesian framework, as long as you're not seeing inflation pick up, as long as you see employment above what is regarded as full empoyment,
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something like 6 prcent, yes, there is a standard argument for why you should continue to use monery policy to try to improve the economy. what we don't really know because we don't have great experience is whether at the point that we have gotten to where we are pumping so much money so fast into the ecoomy over an extended time print, whether there are additiol risks that at some point expectatn of inflatiowill get out of control or the fed abily to undo its monetary stimulus will be diffcult or constrained by political factors. and so we are not. it might be quite risky. tracy: we have heard from numerous companies. all they do is complain about uncertainty. ups, dow chemical, xerox. rom the ceo, she says xerox has been hit by widespread economic uncertainty. especially in the u.s. that is global, but that is political uncertainty as well. our companies can figure out a way to go forward until someone makes a decision. >> i think that is right.
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i don't think the fed is the main reason for the uncertainty. it is pbably contributing to some degree, but it is the fiscal issues that most people are aware that under current projections are debt is getting bigger and bigger to a point that is not sustainable. there is no political agreement on whether we should raise taxes or cut spending, such as medicare or defense in order to try to dea with that, and so there is huge uncertainty. peop also cing something that they may be too certain, the notion that taxes ar going to go up which will discourage things. tracy: the fiscal cliff hitting home. we are seeing n analyst's report, company reports. everyone talking about this fiscal clff. yet the president at one point said he has no problem seein as go over it. what happens if we actually do get to that point where we are, you know, jumping over it like thelma and loue? >> there are two sides to the fiscal cliff. tax hikes and spending cuts. my judgment is the spending cuts are mainly a good thing.
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the u.s. is spending too much money and a lot of the we are spending it on his whistle. so most of the spending cuts i would be perfectly happy with an adult think that they will do much to slow dn the economy. tax hikes are a different story. clearly terrible idea. to some extent we may already be seen asa tax. the current slow-growth is partially anticipation, so we are not necessarily going to be falling off a cliff on january january 1. we are already sort of going down that the slowly because of the anticipatn of those tax hikes. tracy: and you know what, nine times out o ten they make things retroactive anyway, so if we fall off the cliff will bounce right back over to the other side come january. thank you for your insights. >> my pleasure. thank you. tracy: it is not just economic poli. newly released -mails showing the white house and the state department knew a terrorist affiliated group claimed responsibility for the libyan attack that killed four americans, including a u.s.
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ambassador. leaving the obama administration totally n defense. for more on this john bolton, former united nations ambassador and fox news contributor with us now. i'm so glad you're with us because this is getting complicated. you know, at first they said it was not an act of terror, and then apparently it seems that they knew it was all along. where are we on this? >> i think these e-mails are very significant. my sense is just the few that have become public by the tip of the iceberg. at one level they confirm what we already knew which is in real time because of cellphone communications from diplomatic security personnel at the council in benghazi,it was clr this is not a demonstration that had gotten a little bit out of hand. this was an armed attack undoubtedly by terrorists at are quite common in eastern libya and benghazi specifically. what is significant about these e-mails, i think, is tat they make it unmistakably clear that
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at the highest levels in the white house, the state department, the defense department, the intelligence community, people knew what was going on in real time, and it was only late afternoon, early eveng washingto ttime. obviously six or seven hors later in libya, but this was during the working day. the notion that somehow it was unclear what was happening is just not sustainable. tracy: yet secretary henry clinton downplayed it. we had susan rice on air talking to jay carney bsically saying, again, this was not -- this was all because of a video. why are they hiding ths? there is a terrorist attack. if there is say it. >> well, i think they wer trying to avoid the implication that the administration's narrative about the war and terror was just completely wrong. the demonstration saying the war and terr is over. defeated. the arab spring is going to bring democracy in libya, and
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this tragedy refutes al of those approaches. so it was eiter cover-up for the president's own ideology preventing him frm processing reality breton front of him, but here is where these e-mails also bring us to a w level because they show the passivity in the white house as the attack was underway. they were not taking steps. they did n go to all hands on deck red alert what are we going to do to protect our people. by the way, what are we going to do about the risk of attacks against the embassy intripoli and other embassies in the region? and i think that is an even worse problem for the administration than the fact that they were resorting to an explanation that had no relation to reality. tracy: right. we did not react fast enough. it could happen right here. it most recently did down at the federal reserve building here in manhattan. we heard in the foreign policy debate the other night both
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sides. i think a lot of people still feel like we don't have solid plans from either of them. >> governor romney had to overcome the hurdle that ever challenger to an incumbent president has. ronald reagan added in 1980. that is to show that against an incumbe president who has been there for three and a halfyars the challenger has what it takes to sit behind the big desk at the white house and make some hard decisions. so i think that wa the strategy, to show that he had, gravitas, resolved, he had a grof the issues, not to get into the nitty gritty of current disputes, but to show the voting publicic that he has the capaciy to handle challenges and threats. we don't even know about it at this time becausehey have not occurred yet. there is something in the future, and the citizens have to believe that they can put his trust and delegate this enormous
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responsibility to a challenger who they have not seen him perform the functions f commander in chief, so i think that is what the governor had to do, and i think in my completely unbiased opinion, that is exactly what he did. tracy: i guess it is very hard to stay in front of ll this. ambassador bolton, thank you. >> thank you, tracy. tracy:ll right. if you are fired up about this or any issue on the program, drop us an e-mail. gerriwillis.com. ♪ >> coming up on "the wils report", will the oama bank bankrupt electric car battery bonuses to op execs. we will cover the shocking new details. and only 13 days left until election day. >> i have a plan that will actually create jobs. >> can you afford four more years with 23 million americans looking for a good job? >> which canada will be abe to sway undecided voters? our political panel bales it out later. also, wall street hitting that
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like button on facebook as the company's stock soars. is now a good time to jumpin? we will askour financial adviser. we are on the case next on "the willis report". ♪
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tracy:ell, it was not too long ago president obama blasted wall street fat cats and a shameful bonus. >> you guys are drawing down ten, $20 million bonuses after america went through the worst economic year that it has gone through in decades. there will be time for them to make profits and there will be time for them to get bonuses. now is not tat time. tracy: seems to be a very differenstory from one of his failed green energydebts. a handful of drive electric car battery maker a one foxbusiness.com systems into the ground and now wants over
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$4 million or the bonuses. this despite some $280 million in government grants the already wasted. here to break it all down, associate fellow at the national legal and policy center. paul, an egregious is putting it lightly if you ask me, but we have to set this up. a one to tree got $249 million grant from the apartment of energy in 2009 and then failed and file for bankruptcy. >> right. they've got this grant to refurbish two plants in michigan . they hired -- i don't know,a few hundred people, laid off a few hundred people. ey hae been a failure ever since. to recalls whic have affected other stimulus recipients like this for automotive, some electric vehicles. so it has been a dmino effet. and these executives have rn the company into the ground. they have taken beyond the 249 million for those two plants , 30 million for another
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stimulus project in aouple other smaller ones. and what have they done with the money? you know, they have run the company into the ground. it has been a big failure. tracy: now, this stock was at 25 and is now trading at $0.11 and is about to be delisted by the nasdaq, but they have been giving bonuses for a bunch of years now. the president, eo, licking and $60,000 bonuses, $25,0 bonus for the cfo. they are still looking for more money, are they? >> what happens, you know, i believe it was after the first recall, theystarted having -- seeing stock dropped precipitouy early this year. an ipo back in a ninth. wind up as high as $26 has been downward ever since. and what -- it looks like an emergency meeting off the executives and they boosted their parachutes from payouts of 12 months what th salary to 18
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months with the salary and getting the bonuses immedtely paid out if the company changed hands, which is on the verge of happening with this bankruptcy filing, proably draw some controls ticking of the company. tracy: totally premeditated. these guys are basically milking thcompany from the they can until it goes down to the ground taxpayer dollars the their milking. >> yeah. these are -- every one of thes cocompanies,hey are inbusiness because of government tax payer health. what wind energy companies, thy are saying that they cannot exist without the wind production tax crdit. their lobbying hard for it, but we are glad that the electric vecle companies, you know, a detroit free ress a few onths ago repoted that the battery industry was overstimuuated, even with the cars that were coming out. the cars a not selling. the batteries are not needed. and so you have companies, another one like algae can wear the emoyees sit around playing
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cards instead of working on manufacturing batteries. tracy: and even this got a hundred and 18 million in grants from the department of energy and file for bankruptcy as well. what does this mean for the very hard for these companies to compe with china. we continue to subsidize. they're never going to make it on their own. >> you know, china is an excue. if this company, a one foxbusiness.com could not have made on the hundreds of millions of dollars that was given to them and also helps attract private investment, you know, that is there problem. now therere looking to china. a chinese cpany at wanted to buy as wll. you know, i is obvious. it is not going to work, especially with electr vehicles. the volt is not selling. the battery companies are suffering. all these employees to have been given new hope they used to work
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in the auto industry and have moved over here with hope that they would have jobs for the foreseeable future re being left disappointed. it is released, really sad actually, the result of all this 56 until you fnd me a place to plug the thing and will be the overnight at home which means i don't have a car in the morning. >> don't worry. they will subsidize the charges for you. acy: i'm sure. the national legal and policy center. busy fellow. thank you for sharing with us. >> three to be with you 56 we want to know what you think. here is our question tonight. jones giggled. log onto gerriwillis.com and vote on the right hand side of the screen and we will share results at the end of tonight's show. coming up at the bottom of the hour, the war of words is heating up between the candidates with days to go before the election. or political panel will weigh in, and one of the country's
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largest bookstores gets hacked. what is that? next, a warning fo consumers. plus, how to keep your money safe. we will be right back. stay top of mind with customers? from deals that bring them in with an offer... to social media promotions that turn fans into customers... to events that engage and create buzz... to-mails that keep loyal customers comi back, our easy-to-use tos will keep you in front of your customers. see what's right for you at constantcontact.com/try. so, which supet 4g lte service would yochoose, based on this chart ? don't rush into it, i'm not looking for the fastest aner. obviously verizon. okay, i have a different chart.
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going that way, does that make a difference ? look at verizon. it's so much more than the other ones. so what if we just changed the format altogether ? isn't that the exact same thing ? it's pretty clear. still sticking with verizon. verizon. more 4g lte coverage than all other networks combined.
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tracy: credit card safety. barnes and noble. we investigate whher other
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♪ tracy: you probably do it if yu permit times a dayithout even thinking about it, swipe your credit or debit card and just how safe is it? adam shapiro joi us with a funny lookon his face. the latest.
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it is -- >>t's still not after hours. let's get back the story when you swipe things, n talking about swiping things that don't belong to you, swiping credit cards. here is what happens. try: the little thing when i go to the food stored. >> just given evrybody. did you see that? the sound effect. so apparently barnes and noble has 7,000 of these and other stores nationwide, but they discovered as of september september 14th that somebody, we'll call them the bad people, maybe one person, may be lots of persons had programmed 63 of these devices to of record, take, transmit to them your credit card number. and so they were able to execute fraudulent purchases after swiping your personal number from the pin pad. so what barnes and noble did
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upon discovering this, remove all of them, 7,000, from their stores. now we have a map to show you the nine states where this took place, connecticut, california, illinois, pennsylvania, new york, new jersey. you can see that right there. if you want to find out if it was a store that you shot that, youcan go online to foxbusiness.com. we have a link. to show you a list of stores, only 63 had a 700. the safest way to figure out if you were compromed, if you shop at barnes and noble in the last couple of months, check your credit or debit car statement. he sees something that you did not buy, call the ban. tracy: barnes and noble took them all away. what are tey doing? putting new ones bk in? >> they have not said it will put new ones back again. it will be interting to see if they're is a lawsuit against the company that manufactured the hacker or the pants. keep in mid that they notified the fbi and the fbi is
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investigating. it is no as if these were compromised, whether it was from construction to delivery, but he was there official statement. purchases online were not affected. the member database ws also not affected. tracy: scary because use my edit card everywhere. >> you do it often. tracy: feel better. okay. w, we wanted to bring you the latest developments in a story we have been covering. a former goldman board member has been sentenced to two years in prison for feeding inside information's to now jaed billionaire hedge fund owner who was his friend. sentenced today in order to pay a $5 million fine. he was convicted ofiving his friend stock picks allowing him to make mor thn $11 million in illegal profits. servin an 11 year prison sentence after his conviction last year. now, his arrest is one of the
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biggest yet for the federal government crackdown on insider trading that has thus far resulted in about 69 convictions. sowo years in prison. i don't know. all right. coming up later in the show, congressional staffers taking on the private sector. they say they work hder and longer than we do. stop whining. we have the results of a new survey next. president obama and mitt romney hitting the road like never before with less than two week before election date. what should we expect over the next 13 days? a lot of pictures of this. we will have answers next. ♪ these fellas used capital e venture miles for a golf getaway. double miles you can actually use... but mr. single miles can't join his friends because he's getting hit with blackouts. shame on you. now he's stuck in a miniature nightmare.
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oh, thank you. but, with e capital one nture card... you can fly any airline, any flight, any time. double miles you can actually use. what's in your wallet? alec jr? it was a gift.
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♪ tracy: 13days left. that is it until the election.
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and if - is a campaign blitz to reach the unlucky ones are the to vote for. president obama traveling 5300 miles toda hitting campaign events in iowa, colorado, quick appeance the toight show in california and back on the campaign trail in vegas. he heads to florida overnight. mitt romney is not slowing down overnight ended. campaigning in nevada and i will before swinging on average ohio tomorrow. so, what are undecided voters looking for? let's ask. you know, itis really intereing because at ths point it ust changes on these undecided voters. they know they hold the strings right now. right? what are we looking for, brad? what is it that they want to hear? at this point will the to stay home? >> but they will come home. they're looking for a validation that the vote affirmatively for
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mitt romney, and i think he is providing that not only in the economy, but also in the third debate on foreign policy. independence to have come our way prior to the foreign policy bate because they like mitt romney on the economy and now they're coming our way because they have been assured now with a foreign policy debate that he is capable of not only leading our troops as the commander-in-chief, but also the architect of foreign policy going forward. tracy: you do have those undecided folks who are a lite bit disappointed in hope and change and did not get what they were looking for. sort of feel like i don't want to cheat on the party and may stay home altogether. >> that is true. some undecided voters. at this point especially if you live in a battleground state given all the advertising and campaigning, if you're undecided there is a good chance he may stay at home turf. for the rest of them, the majority are women. look at the calculation, the more women who vote the more likely it is barack obama will win. for mitt roney the more when he
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can pick up the more likely it is that he will win. for all of then this comes down to one thing in every presidenal campaign, trust. who died trust more? barack obama's record of accomplishment where he has made promises and get them for mitt romney's revisionist hisory except to the point that we saw all night long in the foreign policy debate were of a sudden he was for sanctions in a ck and iran rather and was all about bringing home the troops by 2014. [talking over each othr] tracy: benghazi becaus don know what the he is going on the. but brad,et's go back to this whole so-called off the record qaeda out interview that he had agreed basically came out and said, look, it's not my fault. mitch mcconnell is keeping congress, totally roadblocks. >> this is all the obama 3d strategy, distract, divide, and disrupt. and it is never obama's fault. he never takes responsibility.
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the american people are fed up with it. the president has a record that is indefensible, whether it is on the economy, employment, foreclosures, bankruptcies, energy office. this president does not have a record either in the last four yearand now he is finally coming out with his 20 page pamphlet, too little too late. and it came out because his base was demandinge tell them what the next four years with the plight. tracy: too little too late to long. we don't want to read 140 characters on twitter, let alone 20 pages of any kind of economic policy. but let's talk about this health care plan because he said he has no regrets about that. yet we have seen time nd time again that it is costing small businesses, large business is way more money than anticipated. >> but that is one of the omises that he made, that he would reform health care and he did. tcy: but it --
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>> well, in massachusetts. we have had the romney care for years. it works. 99 percent of everyone is covered. costs are coming down. that is so it works. when you talk about a record, the reason people trust barack obama more is he has kept many of his promises, not all of them because he has not been able to get the republicans to go along with them. that is why he eds a second term and four more years to finish the job. [talkig over each other] tracy: we still have a lot of people unemployed. we still have workersmaking not enough money. we still have people who don't have enough money in their wallets to buy things. as a result the economy is completely stall. mitt romney is on a serious toward tese next 13 days. what do you want him to say to those undecided voters to sway them? >> what i wanted to say is what he has been saying which is there arewo different ideologies.
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barack obama, trust me. the government is the answer to all that ails us. the robin hood theory of economics. take from the rich and give to the poor and everhing will be okay. romney says the pers in the hands of the individuals below regulation, lower taxes, unleash creativity and ingenuity and entrepreurship and get this economy moving. tracy: i have to give you 18 seconds shot at this. what do you want preside obama to say to the undecideds? >> exactly what he is saying right now. and the only candidate who can bring peace and prosperity back to the united states. that iss why i deserve a second term. mitt romney does not have th record on either count in his private business life as governor or in this campaign. tracy: i don't know if a 2 page brochure will do it. >> fifty-nine page one. tracy: and not going to read anything at this point. thank you both so much. >> thank you. tracy: all right. well, women have become a huge issue to this campaign with a
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left harping on romney's binders of women, and and the right pointing out unemployment among women has soared under obama. another big issue, equal pay. a report out by the american association of university women says full-time working women earn an average 82 percent of what tir male peer are. what? now, it comes to the gender gap worldwide. according to th world economic forum the unit states ranks 22nd in the world. dear lord. down from 17th last year. who ranked the highest? is tonight's top five. number five. ireland, believe the not. this country scor big when it comes to political empowerment for women. number four, sweden, the bonds, scandinavian nations always drink analyst. number three, norwway has high marks for economicarticipation opportunity for women. number two, finland, again with the blonds ranking number one in health and survival of women
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living them up a spot on the list fm last year. the number one best country for women is, and no i'm not going, iceland. they held the top spot sine 2008 and ranked number one in political emmowermenas well as educational attainment. is it because nobody lives there? women there? thu.s. also tiedfor number one in that category. all right. well, still to come, why facebook had its best day ever on wall street, and bosses seemed hardly ever be at work, but congressional staffers say they were above -- more than most americans. the results of a shocking new study next. ♪
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seems they haven't been ving much lately. but things are starting to turn around because of business people like you. and regions is here to help. with the experience and service to keep things rolling. from business loans to cash management, we want to be your rtner moving forward. so stch to regions. and let's get going. together.
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♪ tracy: well, it may be hard to believe, but government worker say they outwked you. 56 percent of congressional staffers say they logged more hours than the private sector counterparts. first of its kind. joining as now, president and ceo of the congressional management foundation.
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what we need to do this study? >> the study in the purpose behind it was trying to put a window on the congress but help management on capitol hill look at the work balance issues the staffers are facing, and the reason this is important is we know from research partners that work place that has more plush policies is more productive, more effective and in general the american taxpayer wants a more effective work force. tracy: anyby who is at the boom of the totem pole in any job works around the clock, has to go good coffee. we have all workearound the clock. i fel like i still am. but other whining about? >> i would not call it whining. having said that, you have to look at them in comparison to other jobs, one of the interesting findings that we came out of the survey of congressional staaf, 40%. it would say they would leave capitol hill to have a better work life balance.
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the reason, that is important to , high turnover,losing institutional memory, that makes individual offices nd the institution less efficient and effective. tracy: because many of us rely on the staffers to go back and read the bills that are congressman bill read themselves. i was an auditor. i know people who are investment nkers. we worked 24 / seven during odysseys income tax season. we all worked really, really hard. and not sure what the are trying to prove here. >> if you look at research from the bureau of labor statistics, theaverage of a congressional staffer when the congress is in session is 31560 hours a week. in the 40's. so they are barking harder. they are also dedicated in response o one of the questions. a ver important factor. it confirms that this is a dedicated ork force.
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they're ofn sacrificing their home life for their career. tracy: i'm with you on that. you don't go into politics when you are young and fresh of college for the money. it's like going into journalism. at the sme time, to compare these kids to small business owrs, to compare these congressional staffers to small business owners, which i think is what part of the survey did, that is a tough thing to swallow because small business owners don't get nearly the perks that the staffers are getg when they follow congress leaders around. >> i'm a pret good comparison. when it comes to a perch on pitol hill, staffers don't get any lesser talking about working next answering the ail, tell people find their social security checks. there's not a t of perks.
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working for your government, working for a memer of congress. in this study and future studies you will see and hear from them in a lot more loud weighs about how proud they are of what ty do. tracy: i do hope someone listens to all of this because we need people like that you are just in it for the love of it to fix the system. 13 percent approval rating of congress, not so good. thank you for sharing the results. >> thank you. tracy: coming up, happy days are here again for facebook as the social media site has its best day ever. it is the start of a resurgence in the stock. details next. all eyes, right here. this isuyear. i thought it was last year... turns out i was wrong. none of us would walk in here and settle. that's how we are! i forgot what i was going to say. patrick, i want 100% commitment!
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because i care man, ok? who are we!? 49ers! 49ers! 49ers! yeah! [ all cheering ] what the heck is going on in here? sorry coach, i just got a little carried away. alright, i think we're good. [ morgan ] for a chance to be in a locker room on game day and more... join visa nfl fan offers and make your season epic. tracy: facebook stock surging followina stronger than [ engine revving ] ♪ [ male announcer ] every car we build must make adrenaline pump and pulses quicken. ♪ to help you not just to staalive but feel alive. the new c-class is no exception. it's a mercedes-benz, through and through. see your authorized mercedes-benz dealer for exceptional offers
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through mercedes-benz financial services.
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♪ tracy: in focus tonight, facebook stock surging today. the social media sit posing its biggest single-day gain in the company history with shares trading above $24 for the first time since july before settling at $23.23. so, you have to ask. it time to buy, sell, or hold? sct martin, chief market strategist of united. i'm so glad you're here. facebook. all the issues we had with them, the biggest was there ad revnue and apparently they were able to find some discord. >> yes. more than some. about 500 million if you annualize it. pretty good considering there is about 150 1/4 go. almost zero.
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500 million which is great news, but you made a good point. at the start, time to buy. of tell you what's been ing on short-covering. about 75 million shares of facebook out there that are short. the average volume is 80 million. of course more shares outstanding, but that is a huge amount of people that were betting against the stock going into today before the earnings report. tracy: and so people understand, people short the stock. they think it will go down. when it starts to go up ty have to go back into the market and buy it back. you know, i was looking at the numbers. even soccer byrd himself said no one is giving us enough credit for the opportunity we said -- had with all these ad revenues which is coming. should we have a little bit more patients with the stock? >> listen, if you own it you certainly have to. they kind of turned the corner. you are right. mobil ad revenue, when it looks as a company perspective is
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abou 15% of business. auge growh. the mobile users. the 70 percent of the second mobley every day. the ad revenues that will come from that, it's going to see beneficial to facebook because the ad revenue alone that yo get on mobile trade, growing at about 10% year-over-year. tracy: the rise of the tablet market is only going to help facebook. no one knows how to get to the ads on their phone, but more and more people hav tablets. much easier to click in. >> absolutely. that is where i think the benefit i to adertisers. gone are the desktop type ads off to the side of the screen that people don't click on. if you want to look at ancillary effects, some of the other stocks kinda similar to facebook. some of the other companies that are out there that our cstomers are partners with facebook.
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tracy: you ought up to grade mornings. two times coming up, a lot of insiders will be able to sell. it is expensive. so with all of that to you buy it hre? >> i don't. i wait. i think facebook is growing up. no longer read teenager, but it still needs to mature. there is a huge block of coming up in november. let's give these guys another couple qrters to make sure revenue growth is sustainable. tracy: you have to pay atntion and make se kids are still using it. you do. thank you. all right. a fox business alert for you now. gas prices continued their rapid decline. the national average for a gallon of gas is $0.13 in the past week to $3.63 a gallon. not at my gas station.
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the biggest weekly decline, but it is still not cheap. gas istill more expensive than it has ever been for this time of year. all right. we will be right back with the answer to our question of the day. should bankrupt companies be allowed to give up bonuses? we will be right back. ♪ [ male announcer ] at scorade, we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our tea have the information you want when you need it. it's anothereason more investors are saying... [ all ] i'm with scottrade.
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tracy: a123, accompanying, recently applied for bankruptcy. they said if there is any money left for me to go back to the
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taxpayer. anthony agrees, why would you award failure? we also asked on gerriwillis.com. 98% said no come 2% said yes. be sure to log on gerriwillis.com for online question every weekday. re are some of your e-mails. everyone is insisting on the romney plan to give out more details about their plan for debt reduction. raise taxes on those making more than 250,000. in addition cometowant to spend mone on teachers and infrastructure. no debreduction. the reason why they would want to raise these monie for private pensions, is that would be a nice science lesson for politicians. they may say it may not go into the general fund or mixed with the government union employee pensions, but it that they can take their hands of. finally, chris says what kind of government are rehabbing.
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why shouldhe poor get more stuff for free. like the saying goes, there is no such thing as a free lunch. the middle class will have to pay for. i don't think so. if you can't afford the phone, don't get the phone. finally, tonight? do you like your job? i do. i love mine. according to a new study. american workers are burnt out. showing up to work is the hardest thing about their job. not performing well, not moving up the corporate ladder, just showing up. only one third of workers like their job and are satisfied with their workload. we have all been there. at the jobs that make you want to cry in the mrning. the ones we feel like you'll be stuck up forever. the economy is not doing anything to help the situation. fiing a job of any kind is so tough right now. things need to change and we need to get people back to work. those that are alrea working, make them happy again. that's my 2 cents more. that's it for tonight "willis

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